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Stock Ratings / Financials / FRMI / forecast
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Fermi Inc. (FRMI) 12-Month Stock Forecast & Price Target Cone

$2.04 -7.71% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $2.01

Fermi Inc. (FRMI) carries a Roarable Rating of E (Strong Sell) with 31/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE E • RED ALERT Cap $1.41B
📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card
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🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is FRMI stock a Buy, Hold, or Sell right now according to Roarable's RQD model?
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As of 2026-11-03, Fermi Inc. (NASDAQ: FRMI) is rated E (Strong Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 31/100 at a spot price of $2.04 (-7.71% 1D, market cap $1.41B). Pillar breakdown: Fundamental Cash Engine 4/20, Institutional 13F & Options Flow 4/20, SEC Balance-Sheet Forensics 10/20, FRED Macro Regime Fit 8/20, and Executive Insider Alignment 5/20. Across 1097 tracked Financials issuers, FRMI ranks #1010 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief
🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does FRMI compare to AAT and UMH in the Financials sector?
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Within the Financials sector (Real Estate Investment Trusts), FRMI carries a Roarable E (31/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of -20.4%. By comparison, AAT (American Assets Trust Inc.) holds a D+ grade (57/100 RQD, P/E N/A, ROIC 11.3%, cap $1.34B) and UMH (UMH Properties Inc.) posts a D grade (49/100 RQD, P/E N/A, ROIC 0.7%, cap $1.30B). Among the 5-stock peer group, ALX leads on earnings multiple (45.1x) while ALX leads on capital efficiency (25.9% ROIC).

✓ Pre-computed one-to-many AI Quant brief
🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for FRMI?
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Per FRMI's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0002071778), Fermi Inc. generated $497.8M in revenue, -$486.4M in net income, and -$603.5M in free cash flow against $1.41B in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Financials with deep daily trading liquidity. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief
🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).
INTERACTIVE SCENARIO DECK:
🛡️ Portfolio Crash X-Ray
EXT / AFTER-HRS: $2.01 (-1.58%)🧬 Disciplined Float (+0.72% YoY Shares)⚙️ Cash Engine: 4/20 (E) • 0% FCF Margin
Verify 90D Bucket Audit →
📊 Historical Track Record Warning: Scores below 50 (31/100 · E) historically underperformed SPY in 71% of rolling 90-day windows (-9.4% avg 90D alpha vs SPY • 29.0% hit rate).
Audit Bucket Track Record →
RQD QUANT TACHOMETERRED ALERT • E
025507510031
3-of-3 Quant Analysts Bearish Warning
Cash
SEC
Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR RQD RADARRw E · Rk D
Cash (4)Whales (4)SEC (10)Macro (8)CEO (5)
Each axis scored 0–20
12M PRICE TARGET CONE-12.3% Base Target
$30 Bull$2 Base$1 Bear
📬 FREE FRMI RATING-CHANGE & BRIEFING ALERTSManage / Unsubscribe
WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for FRMI)Realized 20D OHLCV Swing Band: ±12.5%
Deterministic 5-Pillar Attribution (31/100 Composite)
🔍 WHY FRMI SCORES 31/100 (E) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag
▲ #1 Bullish Driver: SEC 10-K Forensic Risk+10/20 pts (32% of score)

Altman Z-Score 3.80 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 1/9

▲ #2 Bullish Driver: Macro Regime Fit+8/20 pts (26% of score)

FRED Regime × Technicals: 2% of 52W Range • RSI-14 at 31.5 (OVERSOLD (<32))

▼ #1 Drag / Risk Factor: Whale & Options Positioning4/20 pts (-16 pt drag)

Put hedging (50% put share) caps near-term gamma upside (-16 pts vs max)

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current
Q1 (-3Q)
39
Grade E$3.16-9.5% Next Q
Q2 (-2Q)
36
Grade E$2.86+5.6% Next Q
Q3 (-1Q)
34
Grade E$3.02-32.5% Next Q
Current
31
Grade E$2.04-9.4% Hist 90D α
Trajectory: E (39) → E (31)Full Audit →
⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a FRMI Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While FRMI currently carries a cautious 31/100 (E) rating due to Whale & Options Positioning (4/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Financials with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($4.07) and Max Pain ($2.14) forces dealer call-delta covering toward $30.34.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Disciplined Float (+0.72% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $FRMI• $2.4M Crowd Pool • Kalshi / Polymarket Composite
Contract: “FRMI Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”
YES 31%NO 69%Trade / Inspect Odds →
INTERACTIVE 12-MONTH POSITION SIMULATOR

Drag to Test Your FRMI Position Size: $10,000

Shares at $2.04: 4902.0 sh
$1,000$10,000$25,000$50,000$100,000
12M Bear Case FloorTarget $1.40
$6,863
$-3,137 (-31.4%)
12M Consensus BaseTarget $1.79
$8,775
$-1,225 (-12.3%)
12M Bull Case BreakoutTarget $30.34
$148,725
+$138,725 (+1387.3%)

Wall Street Analyst Breakdown & Historical Accuracy Audit (35 Desks)

Street Historical Accuracy: 64/100
● Strong Buy / Buy: 17● Hold: 9● Sell: 9
Wall Street FirmStance12M Target1Y AccuracyTrack Grade
Morgan StanleyInstitutional Equity DeskHOLD$274%A
Goldman SachsSector Coverage LeadUNDERPERFORM$2969%B
JP MorganUS Large-Cap ResearchSELL$258%C
ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring FRMI)

  • ✓Walkthrough of FRMI's RQD Radar, SEC cash-conversion gap & downside invalidation levels
  • ✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
  • ✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks
RQD INSIDER CLUB WAITLIST$49/YR PLANNED
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FRMI // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -58.70%▼ SUPPORT BREAKDOWN
2026-11-04O $2.61H $2.61L $2.04C $2.04VOL 26.17M
RES: $3.76SUP: $2.05SMA50: $4.07SMA200: $6.36
$13.59$10.46$7.33$4.20$1.07RES $3.76SUP $2.05$2.042026-05-052026-06-182026-08-052026-09-212026-11-04
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

FRMI Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 FRMI Butterfly Map → + Track FRMI →
Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle
8.0%/yr Implied 5Y Growth

vs. +6.0% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on FRMI today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for FRMI. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for FRMI today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →
DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (FRMI)

Financials Rank #1010 of 1097 ⚔️ AAT vs FRMI Full Matrix →

1. Head-to-Head Financials Peer Comparison (FRMI vs. AAT, UMH, MPT, ALX)

Industry: Real Estate Investment Trusts (172 Tracked Issuers)

Across 1097 tracked Financials securities in the Roarable RQD universe, Fermi Inc. (FRMI) ranks #1010 by composite RQD confidence (31/100, grade E) and #501 by equity capitalization ($1.41B). Within this direct 5-issuer industry benchmark cohort, ALX leads on earnings valuation at 45.1x trailing P/E, while ALX leads on capital efficiency and profitability with 25.9% ROIC and — gross margin. ALX currently holds the highest overall quantitative score in the immediate peer group at 64/100 (C) compared with FRMI at 31/100 (E).

Ticker / Company Roarable Grade RQD Score Trailing P/E Gross Margin ROIC 1D Change Market Cap Head-to-Head
FRMI ACTIVE
Fermi Inc.
E 31/100 — — -20.4% -7.71% $1.41B Benchmark Subject
AAT
American Assets Trust Inc.
D+ 57/100 — — 11.3% -0.73% $1.34B /aat-vs-frmi →
UMH
UMH Properties Inc.
D 49/100 — — 0.7% -3.40% $1.30B /umh-vs-frmi →
MPT
Medical Properties Trust Inc.
D- 39/100 — — -6.0% -7.34% $1.30B /mpt-vs-frmi →
ALX
Alexander's Inc.
C 64/100 45.1x — 25.9% -4.30% $1.28B /alx-vs-frmi →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2025–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0002071778 ↗

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Fermi Inc. (FRMI) reported GAAP revenue of $497.8M , GAAP net income of -$486.4M, operating cash flow of -$34.2M, and free cash flow of -$603.5M . On the balance sheet, FRMI closed FY2025 with $1.41B in total assets against $0 in total debt (Altman Z-Score: N/A, Piotroski F-Score: 1/9).

Fiscal Period Filing Date Revenue Net Income Operating Cash Flow Free Cash Flow Total Assets Total Debt
FY2025 (FY) 2025-12-31 $497.8M -$486.4M -$34.2M -$603.5M $1.41B —

3. FRMI Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is FRMI stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-03, Fermi Inc. (NASDAQ: FRMI) is rated E (Strong Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 31/100 at a spot price of $2.04 (-7.71% 1D, market cap $1.41B). Pillar breakdown: Fundamental Cash Engine 4/20, Institutional 13F & Options Flow 4/20, SEC Balance-Sheet Forensics 10/20, FRED Macro Regime Fit 8/20, and Executive Insider Alignment 5/20. Across 1097 tracked Financials issuers, FRMI ranks #1010 in composite RQD confidence.

How does FRMI compare to AAT and UMH in the Financials sector?

Within the Financials sector (Real Estate Investment Trusts), FRMI carries a Roarable E (31/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of -20.4%. By comparison, AAT (American Assets Trust Inc.) holds a D+ grade (57/100 RQD, P/E N/A, ROIC 11.3%, cap $1.34B) and UMH (UMH Properties Inc.) posts a D grade (49/100 RQD, P/E N/A, ROIC 0.7%, cap $1.30B). Among the 5-stock peer group, ALX leads on earnings multiple (45.1x) while ALX leads on capital efficiency (25.9% ROIC).

What are the biggest fundamental strengths and SEC risk factors for FRMI?

Per FRMI's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0002071778), Fermi Inc. generated $497.8M in revenue, -$486.4M in net income, and -$603.5M in free cash flow against $1.41B in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Financials with deep daily trading liquidity. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.

Where is FRMI trading relative to its 50-day, 200-day, and 52-week technical levels?

FRMI last traded at $2.04 (-7.71% on volume of 30,797,173 shares), positioning the stock -49.88% below its 50-day simple moving average ($4.07) and -67.92% below its 200-day simple moving average ($6.36). Across its 52-week range of $2.21 to $28.90, FRMI sits at the 0.0% percentile with a 14-day RSI of 31.5 (OVERSOLD (<32)) and an implied next-earnings move of ±12.5% ($1.78 to $2.30).

Direct Sub-Reports: FRMI RQD Cockpit FRMI 12M Forecast FRMI Earnings & Move FRMI Dividends & DRIP FRMI Insiders & 13F FRMI Whale Options FRMI Profit Sankey FRMI News & Why
ROARABLE RATING BRIEF • RQD 31/100 (E) ✓ SEC XBRL & RQD VERIFIED

FRMI — Fermi Inc.: What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit
Updated: 2025-12-31

1. Roarable Rating Brief: What This Means to a Prospective Investor

Fermi Inc. (FRMI) earns a live Roarable RQD composite score of 31/100, corresponding to a E letter grade (Roarable Strong Sell) at a spot price of $2.04 (-7.71% 1D, market capitalization $1.41B).

  • Fundamental Cash Engine (4/20): Anchored by return on invested capital (ROIC) of -20.4%, gross margin of —, operating margin of —, and free cash flow yield of —.
  • Whale 13F & Options Flow (4/20) + Insider Conviction (5/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
  • Macro Regime Fit (8/20) + Forensic Balance Sheet (10/20): Incorporates a 1.00x equity beta, Altman Z-Score of N/A, Piotroski F-Score of 1/9, and Debt/Equity of N/A.

2. Business Model, Unit Margins & SEC Financial Trajectory

Fermi Inc. Is a NASDAQ-listed issuer classified under the Financials sector and the Real Estate Investment Trusts industry,. Reported FY 2025 revenue is —. The profile and source data do not further describe how the company generates income.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-31), Fermi Inc. (FRMI) reported $497.8M in annual revenue and -$486.4M in GAAP net income. Operating cash flow reached -$34.2M and free cash flow totaled -$603.5M, backed by $1.41B in total assets against $0 in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

  • 🐂 Primary Bull Case (E • RQD 31/100): Established market leader in Financials with deep daily trading liquidity. Free cash flow yield of — and institutional whale pillar of 4/20. With Fundamental Cash Engine at 4/20 and Institutional Whale Flow at 4/20, sustained execution supports upside toward the upper end of the $2.21 – $28.90 52-week range.
  • 🐻 Primary Bear Case & Valuation Risk: Company executives have done more routine share selling than personal cash buying lately. Investors must weigh current valuation against — operating margins and a 1.00x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

The source data therefore does not establish upstream or downstream dependencies. Within the news wire, the AMD credit support deal is referenced as a catalyst for a Texas AI site, which suggests an exposure to AI infrastructure demand.

  • Key Question #1: Can FRMI sustain or expand its — operating margin and -20.4% ROIC against Real Estate Investment Trusts peers over the next 4 quarters?
  • Key Question #2: Following FY2025 revenue of $497.8M and free cash flow of -$603.5M, how will capital allocation balance growth reinvestment against $0 in total debt?
  • Key Question #3: How sensitive is FRMI's equity valuation to Financials capital spending cycles and macro interest-rate shifts (Beta 1.00x)?

FRMI Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Fermi Inc. (FRMI) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to FRMI Debate Forum (3) ↓
🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

FRMI Bull vs. Bear Conversation Board — What's Your Call at $2.04?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON FRMI 🐻 33% BEARISH CONVICTION
1. Pick Your Side on FRMI:
💡 Tip: Back up your call with a price target or RQD metric to get upvoted to the top.
MA MacroHawk_NYC RQD DEBATE OPENER • Cross-Asset Macro Desk 🐂 BULLISH 🎯 Target: $3.37 (+29.1%)
📌 Pinned Debate

The AMD credit support deal for a Texas AI site is a near-term catalyst for the stock.

The street is overcomplicating Fermi Inc. (FRMI). The AMD credit support deal for a Texas AI site is a near-term catalyst for the stock.. With an RQD score of 31/100 (E) and Forensic Balance Sheet at 10/20, any positive earnings surprise or guidance raise forces underweight funds to chase above $2.82.

CapAlloc_Nerd 🐂 BULL

@CreditSpread_Watch Fair point on current EV/EBITDA multiples, but you're ignoring the forward operating leverage in Real Estate Investment Trusts. If gross margin (0.0%) holds, EPS grows into the multiple faster than bears think.

CR CreditSpread_Watch RQD DEBATE OPENER • Balance Sheet Analyst 🐻 BEARISH 🎯 Target: $2.01 (-23.0%)
Spot @ $2.61

FY 2025 negative net income of -$486.4M and negative FCF of -$603.5M with ROIC at -20.4%.

FY 2025 negative net income of -$486.4M and negative FCF of -$603.5M with ROIC at -20.4%.. Look at the math on FRMI: paying current EV/EBITDA multiples for -20.4% ROIC and 0.0% operating margins leaves zero margin of safety if Real Estate Investment Trusts demand softens. I'd wait for a retest of $2.30 before getting long.

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